BBVA Data and Analytics is using commercial card data to redraw the maps of Madrid, Barcelona and Mexico City based on the purchasing patterns and movements of consumers as they move across the city landscape. ....

Mastercard has teamed up with crystal seller Swarovski to facilitate selling of expensive crystal home-décor pieces. The duo has teamed up to create a VR shopping app to help shoppers immerse in the buying experience. The purchase can be made using Masterpass. ....

AXA has launched a blockchain-based product to offer insurance. Named Fizzy, it offers automatic and direct late flight compensation for air passengers. The product is being trialed for air passengers between Paris Charles de Gaulle airport and the United States in either direction.....

SBI Ripple Asia is a joint-venture company established by Japanese financial giant SBI Holdings and San Francisco-based FinTech startup Ripple. Ripple is to work with financial institutions in South Korea to bring enterprise blockchain solutions for cross-border payments with Japanese banks.....

Apple's peer-to-peer payments feature will not be launched with iOS 11. The P2P payment will enable users to send money and get paid in Messages. Users can also use Siri to pay someone, using the credit and debit cards they already have in Wallet. In a statement on its website, Apple said the servic....

Customers have been using Zelle to make payments through their bank's app or website for a few months now. Zelle, formerly known as clearXchange, has been launched as a standalone app now. Anyone can use the service through their Visa and Mastercard debit card accounts, regardless of their financial....

A UBS-led plan to develop a digital cash system was first thought of in 2015. The concept, based on blockchain technology, has won the support of Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street.....